iCap places $5.8 million for Ski Market and Fitness/Tennis Center

According to Gus Costaldo, of Houlihan-Parnes/iCap Realty Advisors LLC, the company has placed a $5.8 million first mortgage interim loan to finance the acquisition of a 7,400 s/f Ski Market store and a 40,140 s/f Fitness and Tennis Center on Westport Ave. The 5 year, floating rate interim loan floats at 135 BP over one month LIBOR and the lender has the option to fund a $400,000 earn out in six months.

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Hardings and Fitzsimmons of Lila Delman Compass close on $3.6 million sale of 121 Kenyon Farm Rd., Narragansett

Narragansett, RI Lila Delman Compass brokered the sale of 121 Kenyon Farm Rd. for $3.6 million. Dan and Nicole Harding represented the sellers, and Ashley Fitzsimmons represented the buyers.

Marcus & Millichap arranges $3.9 million sale of 56,000 s/f 470 Pine St.

Marcus & Millichap arranges $3.9m sale of 56,000 s/f 470 Pine St.

Sweeney R.E. & Appraisal facilitates showroom lease at Greenwich Mills

Sweeney facilitates showroom lease at Greenwich Mills

Capstone Properties sells two-building complex for $4m

Compass sells 134 Ives St.

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Brimberg and Crampton of O,R&L Commercial facilitate $1.635 million medical/office property sale

Columns and Thought Leadership

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.